Echo Investment

Echo Investment

Nicklas Lindberg, CEO

Echo Group reports on an annual basis in accordance with GRI Standards at the "Core" compliance level. So far, it has prepared 2 sustainable development reports. When preparing the reports, the Group analyzes conclusions and feedback on previous sustainable development reports and prepares a wide list of topics related to the sustainable development of the organization, industry, global and local challenges in this regard. Then, it creates a list of representatives of key stakeholder groups to which the survey is directed to find out which of the identified topics are important in the context of the Echo Group's impact and impact on the Group. As a result of stakeholder involvement, the top 10 areas identified as key include: employee health & safety, anti-discrimination, diversity and equal treatment, Green Building, waste management, energy consumption, employee well-being, development of sustainable cities, employee rights, social and environmental responsibility of subcontractors.

BREEAM (our offices), ISO 45001 and ISO 14001, FSC, PEFC, NEBOSH Eko-Echo - Echo's own standard of a sustainable residential building (from 2022). Euro 5 - the standard guaranteeing the limitation of exhaust emissions by vehicles on our construction sites to only 5 mg of solid particles / km.

The main document that determines our business decisions and plans is the "Book of the Environmental Management and Health and Safety Management System", whose parts are Environmental Policy and Safety Policy. The book is our guide that allows you to positively influence key stakeholders, in particular customers and suppliers, at the stage of purchasing land and buildings, acquiring materials and services and investment management or facility in the field of environmental protection and health and safety. In 2021, we planted 544 high nature value trees. This is 2.5 times more than the number of trees cut. The dendrological analysis showed that the cumulative natural and landscape value of trees planted on all Echo Investment's investments in 2021 was six times greater than the value of trees cut down. The health condition, species, age, recreational and landscape values ​​were taken into account. We have compiled all the rules regarding the activities aimed at the protection of trees and shrubs during construction works in the guide "Guidelines for the protection of trees". The publication is available to all interested parties, contractors and subcontractors. We segregate nearly 97% of waste from our construction sites.Our main office in Kielce has been using only renewable energy since the beginning of 2021. As part of the Echo-Łąka social program, we have established 7 flower meadows that have a positive effect on the microclimate, biodiversity and reduce smog.

We are a stable employer who cares about the development and diversity of the team, in 2021: 53% of our 459 employees were women, we promoted 42 people, including as many as 29 women. We influence the Polish economy, in 2021: PLN 946 million - added value generated in the entire Polish economy thanks to the activities of the Echo Group (each PLN earned by us is PLN 3.46 profit for the economy), 5,192 - the total number of jobs maintained in economy thanks to the activities of the Echo Group (1 job in the Echo Group is 11 jobs with our subcontractors, business partners), nearly 100% of our subcontractors are Polish companies. We co-create sustainable cities: we have 8 city-forming and multifunctional “destinations” projects under construction and in preparation. They support the idea of ​​a 15-minute city, i.e. one that provides residents with space to live, work and run everyday errands within a 15-minute walk. Mokotów project in Warsaw - we are the first developer in Poland to build a model housing estate with a public school for local government. The entire project is being developed under the Special Housing Act and is subject to extensive public consultations, The outbreak of the war in Ukraine also required us to take a new look at responsibility for others, including we have prepared and made available 3 office buildings in the Empark complex at ul. Wołoska and Kapelanka in Kraków for the medium-term accommodation of refugees (estimated 1.5-2 thousand people).

The most important document regulating corporate governance issues in the Echo Group is the company's Articles of Association. Other corporate governance issues are regulated by: Supervisory Board Regulations, Management Board Regulations, Audit Committee Regulations and Code of Conduct. Echo Investment S.A. applies the "Best Practices of WSE Listed Companies 2021". From 2021 inclusive, the Echo Group has been publishing the "Sustainable Development Report" on an annual basis. The Anticorruption Code has been in force at the Echo Group since 2018. In 2021, we did not register a single case of corruption or suspected corruption. Attendance at training courses on anti-corruption policies and procedures in force in the organization is 100%. In order to strengthen the corporate culture and as part of risk management, the Echo Group has a Code of Conduct which defines the company's values ​​and ethical standards. The Company has a system for reporting irregularities and a procedure for examining them, which promote ethics in everyday work. Every year, each employee and associate of the Group undergoes mandatory ethics training. Turnout is 100%. Since 2016, we have been implementing our Profitable Growth Strategy, which allowed us to accelerate capital turnover and generate higher growth rates. We regularly pay dividends to the company's shareholders.

www.echo.com.pl